People often do not fully understand the consequences of their choices when it comes to their money, leaving them vulnerable to overspending and financial crises. Financial literacy contributes to alleviating this problem. Good financial decision making has a positive influence on overall wellbeing, allowing people to maximise their opportunities and lead more fulfilling lives. Personal finance teaches individuals financial skills so that they can manage their money better.
Personal finance encompasses many areas and core topics such as decision making, cash-flow management, savings, credit, debt, housing and planning for the future. Useful websites and appendices are provided for additional information and reading.
Contents include the following:
Personal finance is aimed at students as well as the average South African on the street needing guidance on managing household financial matters.
Chapter 1: The macroeconomic environment, economic variables and personal finance
Chapter 2: Your relationship with money
Chapter 3: Time value of money
Chapter 4: Introduction to investments
Chapter 5: Investments: equity/stocks (shares)
Chapter 6: Investments: fixed income
Chapter 7: Investments: listed property
Chapter 8: Investments: unit trusts/collective investment schemes
Chapter 9: Personal finance: banking services and products
Chapter 10: Managing your credit
Chapter 11: Insurance and assurance
Chapter 12: Retirement
